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20121126
20121126
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to be putting obama care on the table. there's no question in my mind. >> how does that make sense, michelle? >> well, it makes sense because eric cantor's team lost the election and their hopes of repealing obama care is pretty much shot. so their last chance at undermining a bill that they all hate and campaigned on repealing is to try and make it look like the only thing reasonable for the defendant to do is to throw it in the mix. of course, that's not true. they are just grasping at last straws here. >> can i make a moment on that? >> yes. go ahead. >> if i were president obama and i were sitting in that room and negotiating with these members and someone brought up -- if eric cantor brought up putting affordable care act on the table, i would be well within my rights to stand up and walk out of that room. that is absolutely ridiculous. i totally agree everything should be on the table when it comes to fiscal policy but this election was an entorsment of the affordable care act. these guys, i think, are really nuts to try to raise that as an issue in this context. >> well, the other par
their ideas after president obama met with ceos two weeks ago. a big deal should include spending cut and reforms. >> chief white house correspondent ed henry is reporting that both sides cannot agree on whether they are still talking. >> the republicans suggest fiscal talk hit impasse and demand that president obama show leadership to break it. >> we'll wait on the president and hope he can bring people together to forge a compromise. if he does, we will get there and if he doesn't, we won't. that simple. white house released a report on cyber monday warning that a deadlock would crush retailer and devastate consumer spending, white house spokesman carney pushed back on the idea that the talks are stalled, as well as that the president is not showing leadership. >> so he spent mixed signals on the white house willingness to make concessions. >> he is clear about the president's interest and willingness to compromise. but also, his clear insistence that he will not sign an extension of the bush era tax cuts for the top 2%. >> democratic lawmakers are sending mixed signals whether they
out of the cincinnati, toure. the real negotiations are going to happen between president obama and house speaker john boehner. it's a lot different animal than the senate gop conference. so that's the sort of bad news. while we hear a lot of this going forward and it seems to be pos tish, when you get down to the nitty-gritty and aides and those chose to president obama, there's not been a lot of movement on the taxive of what to do. republicans don't want to touch that. democrats want that. they feel they have a mandate from the election. that is the issue we said is going to be the linchpin for the last three months. it continues to be there. there is no movement on that. and until there's movement on how to come up with that type of revenue, 250 and above, we're going to keep having the same conversation about ongoing negotiations, talking points from both sides. >> luke russert getting down to the nitty-gritty. stephanie, let's get down to the markets. they put our chances of going over the cliff at about 5%. so why is the market freaking out? >> you know the market always
in town. >> the senate has spoken and president obama has spoken. he's promised he will not sign any bill to pay for handouts to the wealthiest 2% of americans. i only hope house republicans have been listening. >> we've been responsible even as we've remained firm on this point, no tax increases now for promised spending cut that is won't materialize later. the american people have seen that game before and they won't be fooled again. >> reporter: over at the white house, the talk of breaking the no tax increase pledge got a positive response. >> some of the comments you mentioned are welcome and they represent what we hope is a difference in tone and approach to these problems. >> bottom line, as we always say, talks continue here in washington. the white house says the president did speak with speaker boehner and senator reid over the weekend to touch base on this very issue. as one republican aide put it to cnn, the fact that they are still talking is progress. but a democratic aide said they don't have staff had you hadling in a room going over spreadsheets which is where they need t
more about what each side is kill willing to concede in this argument president obama meets with leaders later in the week. this morning we'll meet with house majority leader eric cantor live in "america's newsroom.". next hour we talk to him where these negotiations are. how much each side is willing to give up and what they want in return. ultimately will they get a deal? eric cantor coming up next hour. martha: it is all in the language and semantics of these discussions. as u.s. lawmakers continue all this wrangling over some kind of budget deal we work towards here at home, european lawmakers are meeting today on their financial crisis, a lot of which presented the picture americans would like to avoid. ministers from 17 countries will get together. they try to hammer out a plan that will prevent greece from going bankrupt. they have been trying to agree on a new solution there for weeks. >>> also overseas this morning there are major developments to tell you about in egypt. new protests breaking out after egyptian president mohammed morsi announced far-reaching powers
and savior, barack obama. >> eric: not even that savior. 36 days going over the fiscal cliff. you should know what is at stake if partisans don't figure out a way soon. bush tax cut goes away and that alone would drive taxup fo. the patches will die as well. so add in the failure of the super committee and sequestered $1.2 trillion. spending cuts of $600 billion in defense. why are we here? you can't blame revenues. americans forked over $2.3 trillion in taxes and fees last year. the taxaholics are stone cold drunk on our spending. spending is out of control. mr. president, waiting for you to stand up and show leadership. bob, haven't heard a thing. crickets. >> eric: i think you heard things. there is movement going on here. >> bob: i'm glad they're breaking away from norquist and say there is a need for revenue. i think whether that comes in form of limiting deductions to $50,000 for people making over $250,000 or -- >> eric: i can say. we will get to all of that. we'll get to the deals that may go on. where is obama's deal or his idea? his proposed, i don't know. the medicare, medicaid, re
. keep us updated. well the move by morsi came immediate after president obama publicly praised morsi for his role in brokering the truce between israel and hamas militants. so what is this guy morsery really up to? he goes in. sweeps into hamas. he will be the savior. will help broker a peace deal, meanwhile with the other hand back in egypt he is guilty of a huge power grab that makes him awful lot like a dictator in what was supposed to be a more democratic egypt. so what happens now with the country we currently support with almost $2 billion in foreign aid? ambassador john bolton was one of the very first to warn, be careful what you wish for when the arab spring drove morsi's predecessor, mubarak, from power. that guy was basically a dictator too but he was a pro-western dictator. now there is a question whether we have upgraded and whether the egyptian people have. we'll ask ambassador bolton what he thinks. >>> in washington we're hearing new concerns over the fate of the recently ramped up budget talks in washington and what they're talking about is your money and how much th
of power. >> brian: senator mccain says hey, obama, you got to condemn this guy. listen. >> this is not what the united states of america taxpayers expect and our dollars will be directly related to the progress towards democracy, which you promised the people of egypt when your party and you were elected president. stop. stop renown the statement and the move that he just made. allow the judiciary to function. if the judiciary is flawed in some way, then that is an illness that can be cured over time of the but absolutely to assume this kind of power is unacceptable to the united states of america. and then we can outline what actions might be taken. but first condemn it. >> brian: morsi's quote, god made me captain of the ship. >> steve: al he was referred to as the new pharaoh. an hour ago, the white house released a statement if the congress fails to extend the tax cuts. >> i'm holding the report in my hand. president obama recently stated the middle class should not be held hostage while congress debates tax cuts for the wealthy. he wants congress to agree on keepin
if obama wants to nominate her can only go so far until something else happens. what senator mccain said two weeks ago is i think he wants an apology from her. that's the word he used. i don't know if he would get that because the administration says there's nothing to apologize for when it comes to ambassador rice. but, yes, change of tone, maybe a change of what his position will be when and if she's nominated. >> john, if i can finish with you, john, do you think that in light of what happened, the attacks on susan rice and now this apparent retreat, do you think that strengthened the president's desire, if it is there, for her to become secretary of state? >> look, i think the president's desire to nominate susan rice was made very clear, if, indeed, thaes what he wants to do, was made very clear at the press conference he had last week or so where he gave a full-throated defense of her and said to both senators john mccain and lindsey graham, don't go after her. if you have an issue with someone, come after me. and so that's the clearest indication yet that susan rice is probably at
-called fiscal cliff. president obama expressing optimism they can come up with a deal to prevent automatic spending cuts and expiring tax breaks just into fox, the white house spokesman, jake carney, reports president obama spoke with the house speaker boehner and the senate majority leader harry reid over the weekend. still, concerns of the crisis and the european debt crisis sent stocks down but not precipitously but down. we are seeing signs of progress in washington, dc, with rare bipartisan consensus on raising taxes on the wealthy but they remain at odds over the specifics. in other words, exactly highway do you do it. and mike emanuel is live on capitol hill. the white house is expressing putting pressure on congress. >>reporter: a report on the impact if the bush tax cuts are not extended. the study says the typical middle class family will see taxes go up by $2,200 next year affecting businesses and retailers. the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries,
. thanks, josh. >>> we're going to turn now to president obama back from his post election trip to asia and a thanksgiving break. rearranging his cabinet a top priority, big shoes to fill in powerful jobs. abc's jake tapper is here. with more on that. jake, top of the list, replacing hillary clinton at the state department. >> reporter: that's right, george. at the beginning of a game of poker, at the beginning of a president's second term, one shuffles the deck. and president obama faces difficult decisions ahead of him. top priority -- replacing two cabinet secretaries running for the doors. secretary of the treasury tim geithner, and secretary of state hillary clinton. a clear front-runner is emerging to replace hillary clinton. >> let me tell you about susan rice. she has done exemplary work. >> reporter: susan rice has the inside track though john kerry remains a viable candidate. >> based on the information we have at present is that in fact, this began as a spontaneous, not a premeditated response to what transpired in cairo. >> reporter: they have vowed a fight, with her erroneo
vocal critics, like senator john mccain are turning up the heat on president obama and the state department. >> the problem is the president of the united states in a debate with mitt romney said that he had said it was a terrorist attack. he hadn't. jon: chief intelligence correspondent catherine herridge is live in washington. she has more on all of this. so this shift in focus to the state department, what are we learning about that, catherine? report thank you, jon, and good morning. we may learn early as this week when secretary of state hillary clinton will testify on capitol hill about the warnings and intelligence leading up to the 9/11 attack on the consulate. on sunday talk shows leading republicans pointed to what they believe is the culpability of clinton's state department. >> why weren't the warnings about the need for security heeded? why weren't the requests for help during the terrorist attack answered? and why did the administration think it had to cover up all of the things that occurred before by putting out to the american people a narrative that i think will
balancing act for the obama administration because, of course, the united states must support the continuation of democracy especially in egypt which is the heart of the arab world. and so i think you'll see some criticism by the state department and white house where president morsi has announced but on the other hand you saw last week how important morsi was in putting together the cease-fire between israel and hamas. he will be important on issues like iran, on countering terrorism. he now is one of the dominant figures in the middle east. so the administration doesn't want to alienate him but i do think they have to speak truth to power. and there will be criticism both from the united states and many other countries about this worrisome sign of possible return to authoritarianism in egypt. >> glor: nicholas burns, thank you. palestinian authority president abbas spoke to his supporters on the eve of his departure to the united nation where he will argue that plan should be upgraded to an observer state. abbas's predecessor yasser arafat died eight years ago. some still su
obama may be getting a gift from some republicans, republicans who signed a pledge never to raise taxes. this morning on abc news, a leading senator. >> i will violate the pledge. long shory short, for the good of the country if democrats will do entitlement reform. >> reporter: and pete chambliss says he will not abide by the pledge. support from a vocal house member too. >> i agree. a pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed and the economic system is different. >> reporter: they are talking about that man's pledge, americans for tax reform president grover norquist who has hundreds of republicans signed. >> do you feel you are under assault? >> no. it allows elected officials to make it clear openly to voters where they stand. are they going to be able to perform in government of raising taxes. >> reporter: norquist's threat that he will help fund republican campaign challenges against those who violate the pledge. >> what i think i hear you saying, we won't go over. >> i think we will continue the tax cuts. not raise taxes $500 billion
will be america's next secretary of state. >>> the obama administration is reportedly weighing its options on what sort of force -- wouldn't your dad be proud of you? >> yeah. i think he'd find that to be deserving. >> i think he might spit his coffee up all over himself. anyway, trying to figure out what type of force the u.s. military's going to leave in afghanistan after 2014. now, according to "the new york times," options range from a small counterterrorism unit to more than 10,000 americans and nato troops. there are also some ongoing discussions over how quickly that drawdown of those 66,000 troops still in the war zone are going to be. the talks factor in recommendations of commanders on the ground, many of whom favor a substantial force through next year's fighting season. that may be at odds with some of the white house, which "the new york times" says are describing as "very war weary." you know, mika, when you consider that every one of those troops out there have to worry about their afghan, quote, allies turning guns on them at any moment and shooting them, you know, they're not the
? seems republicans a little more. here's why, 45% say president obama is doing enough to cooperate with the other side. only about one in four feel the same way about republicans in congress. john? >> we saw, paul, this weekend a small parade, not a giant parade, but a small parade, light parade of republicans now saying that they may be willing to violate that famous no-tax pledge that grover norquist has asked them to sign over the years. >> yes. that pledge goes back to 1986 and tells people or signees say that they won't raise taxes. they also pledge to avoid reducing deductions or tax credits if they're not off debt. you mention, yes, saxby chambliss of georgia and senator lindsey graham of south carolina saying maybe we'll break that pledge. take a listen to peter king kongman from new york, a republican. >> i agree entirely with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for that congress. if i were in congress in 1941 i would have signed a support of declaration of war against japan. we're not going to attack japan today. the world has changed. >> ki
Search Results 0 to 15 of about 16